Crypto Market Maker Apifiny Plans to Go Public

Crypto market maker Apifiny is planning to go public by the top of 2021, the corporate introduced Tuesday. 

Following in Coinbase and INX’s footsteps, San Francisco-based Apifiny plans use the funds raised by way of the itemizing to finance an aggressive enlargement this yr,  

“We predict there’s extra vertical methods to enhance these merchandise,” stated Haohan Xu, CEO of Apifiny. “Like having higher algorithms, sooner connections, having extra strong servers that may course of extra transactions per second.”

The agency’s essential two product strains embrace Apifiny Join, which lets institutional merchants entry cryptocurrency exchanges across the globe, and ExOne Plus, a market-making platform for smaller exchanges that want liquidity. Apifiny says it makes use of its connections to exchanges across the globe to allow higher value discovery, which it makes use of to hedge dealer’s positions.

Previously few months, the agency has added Crypto.com, Huobi World, OKEx, Kucoin, BitMax, HBTC and Blockchain.com to its listing of trade companions.